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20121104
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the biggest player. let me bring in a white house defense here. the president pointed out in the last debate that the dollar is right now at its most advantageous for exporters to china since obama came to office. he actually said the most since 1993, i think. that we're moving in the right direction. they have let this currency float a little bit in that band. isn't that a sign of progress, that the chinese are listening? >> let's see. let's look at that plan. first of all, it's a very parochial plan by the president. he doesn't really see the big global picture. here's the problem, yeah, the yuan has gone up some. but the dollar's gone down more over the last two years. so that fits peg to the dollar by china is actually hurting every other country in the world, including europe, which is in the tank. so that's number one, when you talk about the president's view on that. the second thing is, if you look at when the president took office, christine, the trade deficit with china has grown every single year and is now going to breach $300 billion. over the course of his term we've added over
Search Results 0 to 1 of about 2 (some duplicates have been removed)

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